World Bank warns Ukraine war will exacerbate poverty in developing economies

[ad_1] The World Bank has warned that the war in Ukraine could cause lasting damage to the economies of low- and middle-income countries, pushing millions into poverty and plunging dozens of countries into debt crises. Indermit Gill, the bank’s vice-president for equitable growth, said high commodity prices, collapsing trade growth, rising interest rates and a […]

Faced with soaring inflation, U.S. companies expand pay rises

[ad_1] With inflation surging at the fastest pace in 40 years, businesses across the U.S. are extending pay raises and workers are struggling to match wages to consumer prices. Retailers, airlines and resorts are raising starting salaries to attract new hires, as well as raising base wages company-wide.Some 92% Some companies plan to increase employee […]

US warns wealthy Russians not to move assets to evade sanctions

[ad_1] The United States has warned Russian oligarchs and corporations that it is monitoring their financial transactions for any signs of evading Ukrainian war-related sanctions and tracking those who provide them with “material support.” A senior U.S. Treasury official said Washington has taken notice wealthy russians and companies The transfer of wealth and money has […]

FirstFT: Russia says ready to let Kyiv join EU

[ad_1] Good morning.This article is our live version First FT communication.Sign up for our Asia, Europe/Africa or America Get it straight to your inbox every weekday morning Russia is No more calls to ‘denazify’ Ukraine If Kyiv remains militarily non-aligned in ongoing ceasefire talks and is ready to allow Kyiv to join the European Union, […]

BoE chief warns Britons face ‘historic shock’ to incomes

[ad_1] Bank of England Governor Andrew Bailey warned on Monday that soaring energy prices would hit UK economic growth and consumer demand, triggering a “historic shock” to Britons’ incomes this year. The Russian invasion of Ukraine will exacerbate the cost of living crunch in the UK, Bailey said, adding that the energy price shock in […]

EU confronts UK over wind turbines in WTO dispute for first time since Brexit

[ad_1] The EU has brought a lawsuit against Britain at the World Trade Organization over its subsidies for offshore wind farms, leading to a notable escalation in post-Brexit tensions. Brussels has claimed that new standards introduced by the UK government when subsidising offshore wind projects favour those using domestically sourced turbines rather than imported ones, […]

2:00 PM Water Cooler March 28, 2022 | Naked Capitalism

[ad_1] By: Lambert Strether, Corrente patient reader, I am CDC must be removed pattern, so this post is an open thread. I’ll make it up for you tomorrow! —Lambert * * * Plant contact information: Readers, feel free to contact me via Lambert [UNDERSCORE] stretch [DOT] current [AT] Yahoo [DOT] com to (a) learn how […]

The Covid Data Is Making Me Queasy, and CDC Changes and Reform Proposals Aren’t Helping Me Any

[ad_1] “Report back to me when, uh, I don’t know, when it makes sense.” —Burn After Reading By Lambert Strether of Corrente As readers know, I’m a humble Covid tape watcher. I don’t believe any of the numbers are as accurate as (say) an income statement [snort], but I have had confidence that I could […]

Is it possible that we have too many new homes for sale?

[ad_1] New home sales totaled 772,000 in February, 38,000 fewer than expected, and January was down 13,000 to 788,000. Keep in mind that the average 30-year mortgage rate was about 4.10% in February, compared to 4.5% today and 3.55% in January, according to Bankrate. The monthly supply did rise from 6.1 to 6.3 and remained […]

China stock market: Shanghai lockdown brings more uncertainty to global supply chain

[ad_1] The lockdown in Shanghai was extreme and unexpected. The two-phase closure of China’s financial center of 26 million residents will have far-reaching consequences. This Blocked for eight days The measures that began on Monday were far more severe than those previously imposed on the city, which is China’s second-richest man after Beijing. The government, […]

Buffering the blow of the global food crisis

[ad_1] This article is a live version of our Trade Secrets newsletter.register here Get the newsletter straight to your inbox every Monday Hi.I have a interview Running on the FT news page with Ngozi Okonjo-Iweala, who has just been director general of the World Trade Organization for just over a year, let’s face it, it’s […]

end of an era

[ad_1] After Ukraine war, liberal values ??may be redefined and nation-states reconnected [ad_2] Source link